Reservoir was founded in 1998 based upon the belief that patient capital and a flexible investment mandate are competitive advantages in the pursuit of superior, long-term risk-adjusted returns. Reservoir's primary investment objective is to identify or create investment opportunities with asymmetric risk/reward profiles - generally offering enhanced downside protection and meaningful upside optionality. These investment opportunities are frequently found in out-of-favor areas experiencing fundamental change and/or scarcity of capital.

Reservoir opportunistically invests directly in securities and structured private investments, builds platform companies with industry specialists, and creates new hedge funds and private equity firms in which the Reservoir funds hold ownership or other economic interests.

Daniel H. Stern and Craig A. Huff, Co-Chief Executive Officers, and Gregg M. Zeitlin, a Senior Managing Director, founded Reservoir and have worked together as a team for more than twenty-one years, including their prior tenure managing Ziff Brothers Investments. The founders are joined by Senior Managing Director Eric Engler in leading Reservoir's investment efforts.


Reservoir has pursued its opportunistic strategy since 1999, initially with the launch of the Opportunistic Fund and subsequently with select capital raisings based on the opportunity set: